The market is moving sideways as oil prices soar. Will Fed Chair check it up?

Today’s premarket forecast and midweek review. The market is moving sideways as oil prices soar. Will Fed Chair check it up?

mdcadmin

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• The rally is facing a key resistance area today. Will it hold?
• Market trying to recover from new yearly low. Will the rally survive?
• The market going from bad to worse as the weight of inflation crushes any rallies.
• Inflation and disappointing job numbers add to the selling pressure.